Adela dreams of becoming an engineer and is especially interested in mining. Adela was accepted into the Universidad Mayor de San Andrés, and now with the chance to achieve her dream, is concerned about affording tuition fees. She plans on graduating in December, 2014, but without a loan from Vittana, she thinks that she may need to take time off to work and save until she can return to school.
Adela plans on spending the money on purchasing her textbooks. As an added expense, textbooks are often not bought to save money. With them, Adela hopes to be able to better understand her subjects. Adela currently works 30 hours a week to help afford her school and living expenses. Making the time to work and go to school has been one of her biggest challenges.
More information about this loan
This loan is admnistered by Vittana's partner Banco Fie
Vittana is a nonprofit that aims to provide access to education for millions of young people struggling to overcome poverty around the world. All Vittana loans are administered by local MFIs which are vetted and approved by Vittana staff. For a list of Vittana's MFI partners, please click here.
Vittana loans provide students with degrees and certificates that lead to higher paying jobs and sustainable livelihoods. Capital to fund Vittana loans comes from its crowdfunding website, investment funds and strategic partnerships. Today, more than 6,000 students in 12 countries have received a Vittana loan and are repaying at a rate of 99.8%. With the help of the Kiva community, Vittana is expanding its work and graduating a generation beyond poverty.